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Oct 27 - 02:55 AM

AUD/USD - Holds Wed Gains; Westpac Calls For 50 Bps RBA Nov Hike

By Krishna K  —  Oct 27 - 12:40 AM
  • AUD/USD hovers near 0.6510 high recorded Wed as traders turn bearish on USD

  • Supported by fall in US yields on bets Fed may slow pace of rate hikes

  • Westpac expects 50 bps RBA rate hike in Nov as inflation hits 32-year high

  • Unlikely after c.bank surprised with a smaller than expected 25 bps Oct hike

  • Japan and China intervention to support JPY, CNY also weigh on USD sentiment

  • Strong resistance at 0.6540-50, support 0.6450-55, 0.6425-30

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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